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I’ve been asked to look at many Adword campaigns over the years and I don’t think I’ve seen one where there was not at least 25% of the budget wasted on poorly targeted search phrases.
The last one had an annual budget of $40k and 43% was wasted on irrelevant search terms.
It seems there are as many dodgy/incompetent Adword marketing experts out there as there are dodgy/incompetent SEOs.